
An AVM delivered the fastest solution for an auction purchase
Kent
Facility
£163,350
Loan Term
12 months
LTV
55%
The LOANS Fast Track Bridge is designed for fast completions. With LTVs up to 75%, loans up to £750k, Open Market Valuations now accepted and speedy valuations, this is a cracking bridging loan for residential property.
L = LTVs up to 75%. Loans up to £750k. Properties worth up to £1m.
O = Open Market Valuations NOW accepted
A = Attractive rates
N = No Personal Guarantees considered
S = Speedy valuations via AVMs and Desktop
Download the product guide PDF for more details.
The LOANS Fast Track Bridge offers attractive rates from 0.39% (discounted) per month and up to 75% LTV on non-regulated residential property worth up to £1m, and offers loans up to £750k.
Designed for completions in hours, rather than days, on residential properties, the loan can be used to help borrowers achieve their investment and business goals.
Borrowers can use the loans for property purchases in a range of situations from a straightforward purchase, buying at auction, purchase under value and raising capital for almost any business purpose. Additionally, the loan can be used to refinance existing debt and give the borrower time to put in place a longer term finance solution.
Hope Capital will now accept automated valuation model (AVM) up to £750k and Desktop valuations on residential property up to £1m, making borrowing significantly faster and more accessible for customers. In addition, no Personal Guarantees (PGs) will be considered, borrowers can take a payment holiday during the loan term and there are also Flexible Arrangement Fee options available to help with receiving maximum funds on Day 1.
"The LOANS offering reflects everything we stand for at Hope Capital: delivering innovative, flexible, tailored solutions quickly and efficiently, which cater for the requirements of different borrowers, their individual circumstances and their level of borrowing.
“The decision to now accept OMV’s was made to increase our competitiveness as we head into 2022. This will also support borrowers who are looking to achieve their investment and business goals going forward.”
ROZ CAWOOD, DIRECTOR OF SALES
We understand speed is of the essence, which is why we expect the LOANS Fast Track Bridge to be a highly desirable option for brokers and their clients
This new offer can be used alongside elements of the Custom Collection which comprises five different products, features and options. By picking the options and features that best suit the client’s circumstances and needs, brokers are able to offer their clients a loan that is truly customised. Full details on the Custom Collection can be found here.
The LOANS Fast Track Bridge is available throughout England, Wales and Scotland on a first-charge basis, for loan periods from three to 12 months. The loan is available to individuals, companies and other legal entities.
Undertaking property refurbishment is unavailable on this product, please see our Refurbishment Range for products designed for light to heavy refurbishment projects.
For mixed-use and commercial property, we will also consider no PGs and we have products specifically for borrowers securing loans on mixed-use or commercial property.
As with all Hope Capital loans it is only available for non-regulated purchases, so it can be used for a property that will be refurbished or let out, but not for family members to live in.
*No Personal Guarantees considered.
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